Shiba

Ethereum

Uniswap

Shiba Inu

Coin

<ul class="news-points">
 <li><strong>TON, BTC, and ETH are overbought, while UNI and SHIB are oversold.</strong></li>
 <li><strong>Large-cap token conditions were established by the MVRV Z-Score indicator.</strong></li>
 <li><strong>SHIB community members are excited over memecoin’s oversold condition.</strong></li>
</ul>
<p>Santiment, a crypto market analysis platform utilizing social and on-chain metrics, has assessed some top cryptocurrencies using its MVRV Z-Score indicator. The analysis reveals that Toncoin, Bitcoin, and Ethereum are currently overbought, while Uniswap and Shiba Inu are oversold.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
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  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;"> According to MVRV Z-Score, which identifies overvalued and undervalued assets based on average trader returns, top caps are in the following categories: <br><br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f911.png" alt="🤑" class="wp-smiley" style="height: 1em; max-height: 1em;">Overbought: Toncoin, Bitcoin, Ethereum<br><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f61f.png" alt="😟" class="wp-smiley" style="height: 1em; max-height: 1em;">Underbought: Uniswap, Shiba Inu <a href="https://t.co/PWESMh7wRf" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/PWESMh7wRf</a></p>— Santiment (@santimentfeed) <a href="https://twitter.com/santimentfeed/status/1806842963563311384?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">June 29, 2024</a>
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<p>According to Santiment, the MVRV Z-Score identifies overvalued and undervalued assets based on average trader returns. The listed cryptocurrencies represent some of the top-cap coins monitored by the platform. Notably, Santiment’s MVRV Z-Score readings were taken with Bitcoin priced at $60,300.</p>
<p>Santiment’s post about the status of these coins has generated excitement among cr…</p>
<p>The post <a href="https://coinedition.com/mvrv-z-score-signals-potential-buying-opportunities-for-uniswap-and-shiba-inu/" rel="noopener noreferrer nofollow">MVRV Z-Score Signals Potential Buying Opportunities for Uniswap and Shiba Inu</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

MVRV Z-Score Signals Potential Buying Opportunities for Uniswap and Shiba Inu

Coin Edition

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